Australia Jan trade deficit widens to $1.09 billion

SarahTurner

SYDNEY (MarketWatch) -- Australia's trade data for January showed that the country recorded an adjusted deficit of 1.057 billion Australian dollars ($1.09 billion), the Australian Bureau of Statistics reported Thursday. Exports dropped 1% while imports rose 1%, according to the ABS. Economists had expected a deficit of A$500 million, according to data compiled by Dow Jones Newswires.

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